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The Playbook: The common pay threads for high-performing companies
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> During a time when more workers expect transparency around pay, most top-performing companies are proving to be forthcoming — but that's not the only common thread. <\p>
Italian pizzeria opens first US location in Denver
Denver’s Central Park neighborhood is home to a new pizza restaurant. <\p> Rosso Pomodoro, an Italian pizzeria, has opened its first U.S. stand-alone location in Denver at 7505 E. 29th Place. The restaurant is currently serving the public and will celebrate its grand opening on June 20. <\p>
Owners of Tattered Cover bookstores halt sale auction
In a last minute decision the current owners of Denver-based Tattered Cover bookstores, halted their planned auction of the business under bankruptcy protection. <\p> The proceedings were scheduled for Wednesday morning but were called off hours before they were scheduled to take place amid negotiations with potential buyers.<\p>
Denver leaders seek to create museum at historic site downtown
Denver leaders seek to add a museum at Civic Center Park with the goal of attracting more people to downtown and establishing a more vibrant sense of place for the area.<\p> The city on Wednesday announced its intent to create museum space in part of the McNichols Building, on the north side of the park opposite the Denver Art Museum. <\p>
NAR settlement threw a wrench into VA loans but a fix is coming
The class-action lawsuits that rocked the residential real estate industry over the past year have resulted in nearly $1 billion in settlements so far — and also put in place changes that could have hurt veterans’ ability to shop for homes.<\p> The National Association of Realtors and big brokers such as RE/MAX Holdings Inc., Anywhere Real Estate Inc. and Keller Williams Realty Inc. agreed to prohibit mandatory so-called “cooperation agreements,” in which sellers pay both the selling agent and the buyers agent commission for a sale, in exchange for being allowed to list a home on a multiple listing service.<\p>
Denver metro-area health agencies agree to merge
Boulder-born Mental Health Partners said Tuesday it plans to merge with a local health center in an bid to create a combined entity that is financially stronger and more sustainable. <\p> Together with Lafayette-based Clinica Family Health, the organizations said they hope to offer more comprehensive care to underserved populations. They also hope to achieve more opportunities to diversify their revenue and better position themselves for future changes in the health care industry. <\p>
Denver power utility gets green light for $440M 'clean heat' plan
Colorado utility regulators approved a plan that will help the state’s largest power utility reduce its greenhouse gas emissions and meet state-mandated climate goals.<\p> The Colorado Public Utilities Commission approved Xcel Energy-Colorado’s clean heat plan June 10, which includes spending up to $440 million in energy efficiency and electrification investments over the next three years and could translate into nearly 725,000 tons in emissions reductions annually. <\p>
Colorado-based home shopping giant faces Nasdaq delisting
Qurate Retail Inc., the Douglas County-based e-commerce and home shopping spinoff of Liberty Media, is being warned by the Nasdaq Stock Market the business risks being delisted due to a low stock price. <\p> The notice this week is the second time in a little over a year that Qurate Retail received a warning from the stock exchange. <\p>
WeWork emerges from bankruptcy, appoints new CEO
After filing for bankruptcy protection in November, New York-based WeWork Inc. said Tuesday it has emerged from Chapter 11 and completed its operational and financial restructuring.<\p> The coworking giant's new era will include a new board of directors and a new chief executive. John Santora will become WeWork's new CEO, effective Wednesday. Santora joins WeWork from commercial real estate firm Cushman & Wakefield PLC (NYSE: CWK), where he most recently served as the firm’s Tri-State chairman.<\p>
OpenAI, LinkedIn execs back Boulder fintech in seed funding round
A Boulder startup that uses artificial intelligence to scour "hundreds of millions of documents" for financial market insights said Tuesday that it has raised $6 million in seed funding.<\p> Co-founded by two Boulder-based entrepreneurs, Brightwave said the financial services industry has grown increasingly interested in new AI technology in just four months of doing business. <\p>
Boulder company seeks to build battery storage outside Boston
A Boulder-based battery storage developer is seeking to build on a Boston suburb's street that's aptly named to play host to the renewable-energy transition: Electric Avenue.<\p> Flatiron Energy wants to put a two-story, 55,200-square-foot battery energy storage system facility at 35 Electric Ave., in Brighton, Massachusetts, currently home to contracting company The Welch Corp., according to a letter of intent filed Monday with the Boston Planning and Development Agency.<\p>
A key housing metric just fell to its lowest point ever
The Fannie Mae Home Purchase Sentiment — a gauge of how good buyers feel about the housing market — fell to its lowest number since the agency began measuring it in 2010.<\p> In May, just 14% of consumers surveyed by the agency said it was a good time to buy a home, down from 20% in April. Those who said it was a bad time to buy increased to 86%. <\p>
Denver doles out grants to help small businesses afford permitting
When Kim Zimmerman set out to get a license to serve alcohol at events at her flower shop, she was told to budget about $10,000.<\p> "That's not a small chunk of change for us," said Zimmerman, the owner of the Rowdy Poppy, a microfarm and floral design house in Denver.<\p>
Will Denver metro area's last independent health system ever merge?
A number of years ago, Robert Vissers knew where technology in health care was headed.<\p> As the CEO and president of Boulder Community Health, Vissers recalls reaching out to Epic Systems Corp., the nation's most widely used technology platform for electronic patient health records, in a effort to keep step with digitization in health care.<\p>
Denver-area restaurateurs land top honors at James Beard awards
Denver-area restaurateurs on Monday won top honors among the nation’s outstanding restaurant owners at the 2024 James Beard Foundation Awards, considered the most prestigious in the culinary and dining industry.<\p> Erika Whitaker and Kelly Whitaker, of Boulder-based Id Est Hospitality Group, took home the award for the year’s Outstanding Restaurateur.<\p>
Airlines adding flights from Denver for the RNC
Two major carriers will be adding flights to Milwaukee Mitchell International Airport to handle travelers to the Republican National Convention this summer, including one increasing capacity from Denver.<\p> The Republican National Convention is scheduled to be held in Milwaukee July 15-18 and expected to attract 50,000 visitors to the city with an expected direct and indirect economic impact of around $200 million.<\p>
The National Observer: Here's where the money lives
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today,y we've got stories on the rising number of towns in which the median home costs more than $1 million; the interest office tenants are taking in their landlords' financial situation; and plans for a multibillion-dollar supercomputer complex by Elon Musk. But first, here's our inaugural list of the ZIP codes with the greatest concentrations of wealth in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Big deadlines loom for Realtors commission lawsuits
The class-action lawsuits that rocked the residential real estate industry over the last year are barreling toward a possible conclusion — and some big changes in the remainder of 2024. <\p> One of the most important deadlines is Aug. 17, 2024, when the NAR has said it would implement a series of changes as part of its own $418 million settlement agreement over buyer commissions. <\p>
Gen Z cites housing affordability as its top election issue
In the wake of rapid home-price appreciation during the Covid-19 pandemic, housing is playing a bigger role in how Americans vote — among one demographic in particular.<\p> Ninety-one percent of adult Gen Zers said in a recent Redfin Corp. (Nasdaq: RDFN) survey housing affordability is important when considering whom they will vote for in the presidential election this November. Among a list of nine broad political topics, the subject ranked No. 1 for that generation — ranking even higher than the strength of the overall economy, which was the top priority for millennials, Gen Xers and baby boomers. Housing affordability for Gen Z respondents also outranked issues of education, gun rights and abortion rights.<\p>
Denver company strikes deal to sell energy projects
A Denver renewable energy developer has sold its first projects, striking a deal with an independent power producer that’s buying projects for 450 megawatts of solar power generation in the South.<\p> Redeux Energy Partners LLC on Monday said that Ashville, North Carolina-based Pine Gate Renewables, owner of utility-scale renewable energy projects and seller of electricity, is purchasing a trio of yet-to-be built solar power projects in Mississippi for an undisclosed price.<\p>
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